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goes off the the so called fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials including the governor and all the legislatures are getting their pay cut by 5%. for example, pay for the attorney general palilia harris is being cut to $143,000. that's a hundred thousand less than her replacement. but people don't run for office for the money. >> they're doing it because of a variety of factors, including the pursuit of power, the ambition to go to higher places and also of course hopefully public service that they want to give back to their community. >> the california citizens compensation commission ordered the pay cuts and they cut per diem pay by 18%. >>> carbon monoxide sent more than
goes off the the so called fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials...
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Nov 26, 2012
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cliff. susan mcginnis is in washington with what republicans and democrats now say they are willing to do to reach a deal. >> reporter: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean ne
cliff. susan mcginnis is in washington with what republicans and democrats now say they are willing to do to reach a deal. >> reporter: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have...
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Nov 29, 2012
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. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would feel tropical. rain moves back in later this afternoon and evening . >> steve time is now 8:14. next month cosco will spend $3 billion to pay a special 7- dollar dividend to share holders. they want to make the pay out before the higher tax rates may kick in this case congress and the white house can't reach a budget compromise. other companies including tyson foods and wind resorts have announced similar moves. there are reports apple is considered doing the same thing but of course apple has made no comment yet. >> the president is sending the treasurey secretary to capitol hill for fiscal cliff talks with
. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would...
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Nov 27, 2012
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. >>> we've heard a lot of talk about the fiscal cliff. what does it really mean for you. for a household earning 20 to $40,000 that would mean a tax increase of 1,200-dollars. for a household airporting 40 to 60 it would mean a tax increase of $2,000. 64,000 up to six figures it would be a 3,500-dollar tax increase. it appears the tax deal is being worked out by two people. house speaker john baner and the president. it's expected to be a mix of revenue increases. probably a small tax hike on the wealthiest americans and spending cuts. of course any deal has to pass the republican controlled house. >>> shoppers don't appear to be too worried about the fiscal cliff. this is shaping up to be the best cyber monday ever. sales are up 28 percent from last year. cbs reporter anthony mason found out the last few days have been busy. even during dinner time. >>> amazon.com's biggest shipping center in phoenix arizona is the size of 28 football fields. last cyber monday it's busyist day of the year, amazon processed 200 orders per second. amazon vice president craig says the compa
. >>> we've heard a lot of talk about the fiscal cliff. what does it really mean for you. for a household earning 20 to $40,000 that would mean a tax increase of 1,200-dollars. for a household airporting 40 to 60 it would mean a tax increase of $2,000. 64,000 up to six figures it would be a 3,500-dollar tax increase. it appears the tax deal is being worked out by two people. house speaker john baner and the president. it's expected to be a mix of revenue increases. probably a small tax...
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Nov 26, 2012
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i'm danielle leigh, nbc news. >>> meanwhile that fiscal cliff is making investors wary this morning. for a look at how futures are trading, we turn things over to kate at cnbc headquarters. kay kayla, good morning. >> reporter: good morning to you. much optimism was over the strength of retail sales and black friday. investors will be keeping an eye on the geopolitical tensions in the middle east and that ongoing fiscal cliff and the talks continuing in washington. we get economic reports this week on durable goods, consumer confidence and new and pending home sales. the dow 172 points friday to 13,009. the nasdaq up 40 to 2966. >>> you can now add seven swans, six geese and five gold rings to the list of christmas gifts that are more expensive than they were a year ago. pnc wealth management is out with its annual christmas price index that tracks the cost of items in the 12 days of christmas song. if you bought everything once your bill comes to $25,431, up nearly 5% from last year. if you follow the song to the letter and by all three 64 items, it's a whopping $107,300. some thing
i'm danielle leigh, nbc news. >>> meanwhile that fiscal cliff is making investors wary this morning. for a look at how futures are trading, we turn things over to kate at cnbc headquarters. kay kayla, good morning. >> reporter: good morning to you. much optimism was over the strength of retail sales and black friday. investors will be keeping an eye on the geopolitical tensions in the middle east and that ongoing fiscal cliff and the talks continuing in washington. we get...
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Nov 29, 2012
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top white house negotiators head to capitol hill today to continue talks about avoiding the fiscal cliff. tracie potts has the latest on the fight to keep your tax breaks from disappearing. >> reporter: treasury secretary tim geithner and white houlegis chief rob neighbors bring the deficit-cutting plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the government spending less money. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats, executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in negotiation like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is suggesting while negotiations continue on w
top white house negotiators head to capitol hill today to continue talks about avoiding the fiscal cliff. tracie potts has the latest on the fight to keep your tax breaks from disappearing. >> reporter: treasury secretary tim geithner and white houlegis chief rob neighbors bring the deficit-cutting plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the...
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Nov 24, 2012
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five dollar tickets for exhibition games. >> we are six weeks from the fiscal cliff deadline. if there is no deal in this political deal. >> and a live look outside. traffic rolling into the mcarthur maze, all of them come together around there. no big incidents to report right now. we he have a few crashes in marin. another one near the 880, 980 interchange. 8:41. . >>> good morning. live look there at blue skies over oakland. calm conditions, 46 degrees outside. >> people in gaza say israel is letting up it's border restrictions as part of a cease fire but it hasn't all been smooth. >> reporter: the cease fire faced it's first major test. several hundred palestine ans approached a border . after shouting warnings to the crowd israeli troops opened fire killing one, wounding more than a dozen. israel and hamas accuse each other of violating the agreement but so far both side's have shown restraint. the top hamas leader appeared in public and even he avoided the norm allan gauge that goes with most incidents. >> our information is it's not israeli aggression. some people tried
five dollar tickets for exhibition games. >> we are six weeks from the fiscal cliff deadline. if there is no deal in this political deal. >> and a live look outside. traffic rolling into the mcarthur maze, all of them come together around there. no big incidents to report right now. we he have a few crashes in marin. another one near the 880, 980 interchange. 8:41. . >>> good morning. live look there at blue skies over oakland. calm conditions, 46 degrees outside. >>...
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Nov 28, 2012
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. >>> it's 34 days away, the fiscal cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is the youngest ceo in the fortune 500. she said her top three priorities are god, family and yahoo!. we're going to hear more about this. meyer will be meeting with the president as well, the leader this afternoon. google also busy in washington. bloomberg reports larry page, the ceo, has been meeting with federal trade commission as we get this much closer to what many see as antitrust. at question, does google use its search results to strengthen its own business interests. for that and the rest of your news, we'll turn to bertha coombs at cnbc. >> good morning, scott. warren buffett right now on our squ
. >>> it's 34 days away, the fiscal cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is...
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Nov 27, 2012
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keep in mind, if we go over the fiscal cliff, taxes go up. but in order to avoid the fiscal cliff, it's likely washington would have to raise taxes anyway. so anyway dividends now are better than dividends later. >> interesting to see how this is all going to play out. thanks, scott. >> giving money for christmas is always easier than shopping and standing in line. thank you very much. >>> well, investigators right now trying to figure out exactly how shreds of sensitive documents ended up being tossed out as confetti during the recent macy's thanksgiving day parade. spectators in new york city last thursday noticed some of that confetti included social security and license plate numbers. that's not good. some even found notes about mitt romney's police motorcade when he visited new york last month. the debris didn't really bother santa too much but it appears to have originated from the police department in long island. >> i guess they looked like pretty big pieces of confetti. >> let me see what's on there. >> read the fine print. >>> all r
keep in mind, if we go over the fiscal cliff, taxes go up. but in order to avoid the fiscal cliff, it's likely washington would have to raise taxes anyway. so anyway dividends now are better than dividends later. >> interesting to see how this is all going to play out. thanks, scott. >> giving money for christmas is always easier than shopping and standing in line. thank you very much. >>> well, investigators right now trying to figure out exactly how shreds of sensitive...
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Nov 29, 2012
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wall street thinking about the fiscal cliff. recent moves in washington do feel encouraging, so futures are positive. that can and does reverse itself pretty easily. and jon and laura, just a few minutes ago we got the latest gdp numbers. the u.s. economy grew 2.7% in the july to september quarter. that's better than expected. >> all right, scott, thank you very much. good vibrations there. >>> right now we are watching that weather as we get a little break before a second storm heads right here to the bay area. >> time to check in with meteorologist christina loren. >> a very active forecast continues. good morning to you. the first week of december is going to be kind of rough across the bay area. start with this live picture over san francisco where we don't have any fog. no rainfall in this area. yesterday we had three-hour flight delays, so the good news for travelers is it looks like flights are leaving on time this morning. we'll continue to track that for you. we have a lot of cloud cover overhead. you'll notice that as
wall street thinking about the fiscal cliff. recent moves in washington do feel encouraging, so futures are positive. that can and does reverse itself pretty easily. and jon and laura, just a few minutes ago we got the latest gdp numbers. the u.s. economy grew 2.7% in the july to september quarter. that's better than expected. >> all right, scott, thank you very much. good vibrations there. >>> right now we are watching that weather as we get a little break before a second storm...
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Nov 26, 2012
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-- police cal cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy cour
-- police cal cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they...
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Nov 21, 2012
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cliff. also taking a hit from hewlett-packard which fell to a ten-year low after announcing it took a $9 billion loss. now, we do get data out today on unemployment, manufacturing and consumer sentiment. let's be sure to watch out for those numbers. the dow slipping about seven points to close at 12,788 and the nasdaq, as i said, inched up just a fraction. now, the national labor relations board says it won't be able to act in time to stop worker protests and rallies outside walmart stores. a group called our walmart is seeking better pay and benefits. the group is affiliated with the united food and commercial workers union. last week, walmart filed a complaint, saying the worker's group and the ufcw was attempting to disrupt its business. >> thank you very much. >> want to check in with christina now. she has a look at our forecast today. >> a lot of people coming into town to take a look at this. we'll show you the golden gate bridge this morning. slick conditions. mother nature putting a
cliff. also taking a hit from hewlett-packard which fell to a ten-year low after announcing it took a $9 billion loss. now, we do get data out today on unemployment, manufacturing and consumer sentiment. let's be sure to watch out for those numbers. the dow slipping about seven points to close at 12,788 and the nasdaq, as i said, inched up just a fraction. now, the national labor relations board says it won't be able to act in time to stop worker protests and rallies outside walmart stores. a...
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. >>> and the cliff. coming up in the next half hour, avoiding the fiscal cliff. congress back at work after the holiday break and shifting view op tax -- on tax reform and their demand from democrats. >>> and why more workers at a bay area airport could be allowed to carry firearms. >>> a bay area college launches a new recruiting strategy. why it is spending six figures to target a specific group of students. ,,,,,,,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- for ways to
. >>> and the cliff. coming up in the next half hour, avoiding the fiscal cliff. congress back at work after the holiday break and shifting view op tax -- on tax reform and their demand from democrats. >>> and why more workers at a bay area airport could be allowed to carry firearms. >>> a bay area college launches a new recruiting strategy. why it is spending six figures to target a specific group of students. ,,,,,,,, when i take a picture of this check, it goes...
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Nov 29, 2012
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. >>> about the only good thing in the fiscal cliff is it keeps greece out of the news. let's turn to bertha coombs live at cnbc world headquarters. >> reporter: yeah, we seem to live and die by the headlines, whether the talk is happy or not coming out of washington but retailers will be in focus as they report their november sales today. despite the strong start to the holiday season, analysts expect sales to be 1.6% rise. the east coast will have a big impact from hurricane sandy. we've got target and macy's both below expectations. but on a high note small businesses hit it big on cyber monday. the digital research firm big commerce said a surge in orders drove overall revenue for small chains and mom and pop stores up 25%. the average order price was also 8% higher. online shoppers bought so much stuff local retailers were averaging about two orders per second and that is about four times the normal daily volume. but i don't know, i like shopping in store at a small boutique, mom and pop store, but i do shop online for the big department stores. maybe i'm alone on t
. >>> about the only good thing in the fiscal cliff is it keeps greece out of the news. let's turn to bertha coombs live at cnbc world headquarters. >> reporter: yeah, we seem to live and die by the headlines, whether the talk is happy or not coming out of washington but retailers will be in focus as they report their november sales today. despite the strong start to the holiday season, analysts expect sales to be 1.6% rise. the east coast will have a big impact from hurricane...
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Nov 25, 2012
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they have a few weeks to reach the deal before the country falls over the fiscal cliff. we are updated as lawmakers return to washington this week from their holiday break. >> reporter: after meeting with president obama before the thanksgiving holiday,. >> i want to welcome the congressional leadership here. >> reporter: congressional leaders expressed optimism to reaching more in tax increases and that is to take effect next year. >> constructive meeting with the president to talk about america's physical problem. >> we have the cornerstones of being able to work something out. >> reporter: they have been working behind the scenes to find common ground. the sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet clear when the lawmakers and the president will meet next. even if some progress is made this week. a final deal can be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. i would be pleasantly surprised to see it, a deal e
they have a few weeks to reach the deal before the country falls over the fiscal cliff. we are updated as lawmakers return to washington this week from their holiday break. >> reporter: after meeting with president obama before the thanksgiving holiday,. >> i want to welcome the congressional leadership here. >> reporter: congressional leaders expressed optimism to reaching more in tax increases and that is to take effect next year. >> constructive meeting with the...
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Nov 26, 2012
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we're closing in on that fiscal cliff. the new action on capitol hill to keep us from careening over the edge in a live report. >>> also a bay area hospital sues the los angeles dodgers. the landmark lawsuit that has one giants fan caught right in the middle. >>> 5:42. it is back to work for congress as it tries to avoid the so-called fiscal cliff. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. nbc bay area's danielle leigh is live on capitol hill this morning and joins us with the very latest. good morning, danielle. >> reporter: good morning. lawmakers will be resuming those negotiations today, still facing many of the same sticking points that have held up talks so far. the two big ones being on one hand tax increases, which republicans have resisted, and on the other, cuts to programs like social security and medicare, which democrats have resisted. but the good news is that after this thanksgiving weekend, we are seeing and hearing signs of a compromise.
we're closing in on that fiscal cliff. the new action on capitol hill to keep us from careening over the edge in a live report. >>> also a bay area hospital sues the los angeles dodgers. the landmark lawsuit that has one giants fan caught right in the middle. >>> 5:42. it is back to work for congress as it tries to avoid the so-called fiscal cliff. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. nbc bay area's...
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Nov 26, 2012
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back to work for congress as it tries to avoid the so-called fiscal cliff. republicans and democrats have signed and signalled they may be ready to compromise on a hot button issue like tax increases. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. >>> the u.s. supreme court justices will decide this week whether to hear a case challenging the defense of marriage act, which prohibits the government from recognizing same-sex marriages. a married lesbian couple from san francisco is suing because they cannot share benefits on an employer-sponsored health care plan. >>> online retailers hope consumers will get online today for cyber monday. the research firm predicts americans will spend $1.5 billion on this cyber monday, which could be a 20% jump from last year. just don't get yourself fired if you're working. >> thanks for joining us. we'll have a local upday at 7:25. okay. >>> good morning. point, click, buy. americans expected to spend $1.5 billion today shopping online. we'll tell you why this
back to work for congress as it tries to avoid the so-called fiscal cliff. republicans and democrats have signed and signalled they may be ready to compromise on a hot button issue like tax increases. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. >>> the u.s. supreme court justices will decide this week whether to hear a case challenging the defense of marriage act, which prohibits the government from recognizing...
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Nov 27, 2012
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cliff. that's the combination of tax hikes and spending cuts set to take effect january 1st. the "washington post" reports that boehner plans to have some house republicans meet wither skin bowles. on wednesday president obama will meet with other top ceos. futures meantime are flat this morning, stocks slipping back on monday. the s&p 500 index snapping a five-day winning streak. investors continue to watch those budget talks in washington. meantime, we are expecting today to get some data on demand for durable goods, home prices and consumer confidence. the dow slipping back below 13k losing 42 points to 12,967. the nasdaq edging up nearly 10 to 2976. and i would do a campaign not to vote for marissa mayer for "time" person of the year. remember when we had the head of amazon on the cover of "time" back in 2000. i think there's a little jinx in that. a little like the si jinx. so don't vote for her. >> fair enough. no on mayer, that's our position. bertha koomcoombs, thank you mu >>> remem
cliff. that's the combination of tax hikes and spending cuts set to take effect january 1st. the "washington post" reports that boehner plans to have some house republicans meet wither skin bowles. on wednesday president obama will meet with other top ceos. futures meantime are flat this morning, stocks slipping back on monday. the s&p 500 index snapping a five-day winning streak. investors continue to watch those budget talks in washington. meantime, we are expecting today to get...
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Nov 26, 2012
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--cliff >> when you look at the fiscal cliff from far away it looks like a drop. it is more like a staircase. the debt ceiling is how this all began and it is the total amount the government can borrow to meet its existing obligations. we headed at the end of 2012, though the fall can be avoided toe 2013. the treasury department deems that extraordinary measures. in 2011 house republicans refused to raise the debt ceiling. without an agreement the result was a debacle. as a downgrading u.s. credit for the first time in history. without a new deal on january 1st tax hikes will kick and very 661 billion for next year alone and that includes the expiration of the so-called must tax cuts. -- the bush americans will start to feel those with the first paychecks of the new year arrive. sequester kicks in january 2nd and those cuts amount to $78 billion next year. several companies with government contracts of already pulled back on hiring. some have slowed work. most americans will not truly feel the effects of these sequestered until the middle of next year. layoffs are
--cliff >> when you look at the fiscal cliff from far away it looks like a drop. it is more like a staircase. the debt ceiling is how this all began and it is the total amount the government can borrow to meet its existing obligations. we headed at the end of 2012, though the fall can be avoided toe 2013. the treasury department deems that extraordinary measures. in 2011 house republicans refused to raise the debt ceiling. without an agreement the result was a debacle. as a downgrading...
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Nov 21, 2012
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cliff. the dow took a hit from hewlett which fell to a low after announcing it took a nearly $9 billion loss due to accounting issues. we do get data out today on unemployment, manufacturing and consumer sentiment. the dow slipping about seven points s points. the nasdaq inched up in yesterday's trade. hostess brand is moving forward with plans to go out of business after last-minute talks with striking workers failed. the two sides were pressed into mediation by a bankruptcy judge in an effort to save more than 18,000 jobs. a court hearing resumes today in new york. hostess which makes twinkies will ask the judge to approve a plan to liquidate the 82-year-old company. back to you. >> all right, have a great thanksgiving. >>> it may be a few days for john mcafee. he is a person of interest in the murder of his neighbor in his adopted home of belize. he said he's run into some kind of trouble, doesn't say what, and he has to move, he says, to a new location. he doesn't actually update the blo
cliff. the dow took a hit from hewlett which fell to a low after announcing it took a nearly $9 billion loss due to accounting issues. we do get data out today on unemployment, manufacturing and consumer sentiment. the dow slipping about seven points s points. the nasdaq inched up in yesterday's trade. hostess brand is moving forward with plans to go out of business after last-minute talks with striking workers failed. the two sides were pressed into mediation by a bankruptcy judge in an effort...
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Nov 27, 2012
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. >>> lawmakers trying to avoid the fiscal cliff, automatic tax hike for all americans, unless congress and the president can compromise. biggest obstacle is a pledge of no tax increases of any kind signed by most republicans. grover norquist is behind the pledge and has convinced thousands of republicans to sign the pledge in exchange for helping them get reelected. some republicans open to breaking the pledge say they will do it by closing loopholes but say entitlement reform must be part of the discussion. >>> do you think you are paying -- >>> good morning. home prices continue to climb nationwide up 3% in september compared to a year ago. in the san francisco area it was 7 1/2% compared to a year ago. meantime, watch for your landlord to jack up rent. recents are up 4.1% this year, watch for rents to go up 4.6% next year and 4.7 the year after. zillow buying hot pads for 16 million dollars, has 19 employees will stay in san francisco, zillow says the move will help it increase the number of leads it sends to landlords. watching ebay today, shares slightly lower stock hit a nearly e
. >>> lawmakers trying to avoid the fiscal cliff, automatic tax hike for all americans, unless congress and the president can compromise. biggest obstacle is a pledge of no tax increases of any kind signed by most republicans. grover norquist is behind the pledge and has convinced thousands of republicans to sign the pledge in exchange for helping them get reelected. some republicans open to breaking the pledge say they will do it by closing loopholes but say entitlement reform must be...
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Nov 27, 2012
11/12
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. >>> more republicans say the looming "fiscal cliff" is forcing them to reconsider their no tax increase pledges. several members of congress now say they are open to raising revenue by limiting deductions for the wealthy. but not by raising their taxes. >> without compromising our principals, we recognize that none of us runs this town. >> today democratic senator dick durbin plans to lay out a proposal for a bipartisan group, the gang of 8, who have been working for a plan to reduce the national debt. if lawmakers don't pass a plan by december 31, tax hikes and budget cuts will kick in. >>> running the risk of autism. the link between pollution and pregnancy. >> plus some of the best child athletes in the country. the bay area kids who have a chance at the ultimate prize. >> but first, stranded at sea. how two men found themselves like this in a dangerous rescue after the break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdepos
. >>> more republicans say the looming "fiscal cliff" is forcing them to reconsider their no tax increase pledges. several members of congress now say they are open to raising revenue by limiting deductions for the wealthy. but not by raising their taxes. >> without compromising our principals, we recognize that none of us runs this town. >> today democratic senator dick durbin plans to lay out a proposal for a bipartisan group, the gang of 8, who have been...
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Nov 21, 2012
11/12
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ben bernanke says the fed cannot, will not, soften the blow of the economy going over the fiscal cliff. vermont senator patrick leahy this morning did another 180. reversed himself for the second time. in a controversy over the way police read people's e-mail. he at first said his office would craft a new law making it harder for police to see your e-mail without a warrant. this came after the fbi was able to read 10,000 e-mails between several u.s. generals and their lady friends without any warrant or even evidence of a crime. leahy said he'd put a stop to that. then under pressure from law enforcement leahy not only dropped the idea, he wrote a bill that would make easier. then twitter users got upset for that reversal. this morning, the senator said, you know what, never mind. >> ah, guess that's a politician's prerogative. >> 180/180/180. you do the math. >> the ultimate flip-flop. all right, scott, thank you very much. >>> time to check that forecast with meteorologist loren. >> a stark contrast from yesterday. we had quite a bit of rainfall yesterday, overnight. this morning, a
ben bernanke says the fed cannot, will not, soften the blow of the economy going over the fiscal cliff. vermont senator patrick leahy this morning did another 180. reversed himself for the second time. in a controversy over the way police read people's e-mail. he at first said his office would craft a new law making it harder for police to see your e-mail without a warrant. this came after the fbi was able to read 10,000 e-mails between several u.s. generals and their lady friends without any...
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180
Nov 24, 2012
11/12
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KRON
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they want to help get rid of the looming problems with the fiscal cliff. >> after several days allowed the students are going back to school today first would take a live look outside and it is breezy and outside we will be right back. >> in world news this morning tens of thousands of children are returning to school in the gaza strip today. a small sign of the messy after eight days of fighting between israel and hamas. as the cease-fire continues to hold in the middle east. israel carried out about 1500 air strikes against hamas link targets in gaza. authorities say more than a hundred and 50 palestinians were killed, including 33 children. >> in each of rising tensions between the government and protesters following president mohammed more reseed decreed they gives him sweeping powers. morrissey made the declaration and tar rear square he's giving himself temporary powers he says are needed to battle enemies of the nation. >> the bay bridge approach clean and it is a nice day. we will be right back. uz >> and just about perfect to do anything that you need to do outside. i hope tha
they want to help get rid of the looming problems with the fiscal cliff. >> after several days allowed the students are going back to school today first would take a live look outside and it is breezy and outside we will be right back. >> in world news this morning tens of thousands of children are returning to school in the gaza strip today. a small sign of the messy after eight days of fighting between israel and hamas. as the cease-fire continues to hold in the middle east....
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Nov 23, 2012
11/12
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cliff" and a positive start this morning. let's look at the numbers. right now the dow is gaining 58 points. nasdaq is up by 16. s&p moving higher by 6 points. and walmart shares are moving just slightly higher. michelle and brian, back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> following in the footsteps of online retailers the cash- strapped u.s. postal service will be testing out same-day delivery this holiday season. same day. it will happen here in the bay area. the u.s. ps will partner with retailers and begin offering the service in san francisco this december. if things run smoothly it will en spanned to new york, chicago -- it will expand to other cities like new york, chicago and boston next year. >>> it's 6:49. let's check the weather. >> if they run smoothly. >> yeah. >> but they have to do something. the postal service is losing lots of money around the nation. wow. all right. shall we talk some weather? >> why not. [ laughter ] >>> around the bay area today, we are look at some sunsh
cliff" and a positive start this morning. let's look at the numbers. right now the dow is gaining 58 points. nasdaq is up by 16. s&p moving higher by 6 points. and walmart shares are moving just slightly higher. michelle and brian, back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> following in the footsteps of online retailers the cash- strapped u.s. postal service will be testing out same-day delivery this holiday season. same day. it will...
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Nov 21, 2012
11/12
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KRON
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yesterday's the fed said they did not have the tools to offset the impact of the so-called fiscal cliff. if there is no deal by january 1st there will be tax hikes and spending cuts will rest on those in congress to get the job done. >> the defense department immigration and customs enforcement and transportation should. ministration have all decided to go with i phones. they are switching because black berries have been failing to much during important times. one-third of u.s. consumers are thinking about buying electronic tablets this out of a season. according to a new poll a 22 percent of those who want one of the devices said it plans to cut back on their holiday purchases in order to afford that. apple remains the leader with 25 some people surveyed san there tablets of choice. 16 say they will buy amazons kindle fire. another 1571 a samsung galaxy device. on the 8% named the new ipad mini as the first choice. >> the celebrity that is constantly twisting and updating facebook cannot be who you think is they may be getting help from a new startup. companies like the audience help b
yesterday's the fed said they did not have the tools to offset the impact of the so-called fiscal cliff. if there is no deal by january 1st there will be tax hikes and spending cuts will rest on those in congress to get the job done. >> the defense department immigration and customs enforcement and transportation should. ministration have all decided to go with i phones. they are switching because black berries have been failing to much during important times. one-third of u.s. consumers...
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854
Nov 26, 2012
11/12
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KNTV
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how to avoid going over the so-called fiscal cliff? if they do not reach a deal your taxes could rise and sharp spending cuts would go into effect as well possibly triggering a recession. chuck todd is nbc's political director and chief white house correspondent. chuck, good morning to you. >> good morning, savannah. >> the goal here is to get a deal that reduces the deficit, and the battle lines have been pretty clear right now. the president campaigned rolling back the tax breaks for the highest earnings and republicans argued spending cuts are the way to get the deficit under control. are we starting to see a softening of those positions on both sides? >> reporter: here's what there's agreement on. both sides, both parties agree that the wealthiest have to pay more, and the question now and the sticking point at this stage is how do you go about making the wealthiest pay more? do you do it by raising the tax rates? that's what president obama wants to do. wants to raise the tax freights 35% where they are now up to where they were d
how to avoid going over the so-called fiscal cliff? if they do not reach a deal your taxes could rise and sharp spending cuts would go into effect as well possibly triggering a recession. chuck todd is nbc's political director and chief white house correspondent. chuck, good morning to you. >> good morning, savannah. >> the goal here is to get a deal that reduces the deficit, and the battle lines have been pretty clear right now. the president campaigned rolling back the tax breaks...
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Nov 29, 2012
11/12
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from falling off the fiscal cliff. today, investors get another read on the holiday shopping season when retailers report their november figures for sales at stores open more than a year. >>> and general motors and its chinese partners are building a third plan in china in order to meet growing demand in that country. >> mary thompson at the new york stock exchange, thanks. >>> a heartwarming photo is going viral online for all of the right reasons. on a freezing november night, nypd officer lawrence duprimo saw a homeless man with no shoes or socks. he asked for the man's shoe size and then went into a nearby store and bought him a pair of boots for $75. when he gave the man the shoes, a tourist caught this scene, this image was posted online. the nypd has reposted it on facebook where it has more than 300,000 likes. that's new york city's finest right there. >>> what's black and white and runs all over? well, a zebra on the loose in staten island. that's rocsi, the zebra, with his friend, casper, the pony. the owner
from falling off the fiscal cliff. today, investors get another read on the holiday shopping season when retailers report their november figures for sales at stores open more than a year. >>> and general motors and its chinese partners are building a third plan in china in order to meet growing demand in that country. >> mary thompson at the new york stock exchange, thanks. >>> a heartwarming photo is going viral online for all of the right reasons. on a freezing...
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518
Nov 27, 2012
11/12
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KNTV
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. >> as we come to the fiscal cliff in the next month or so and one of the sticking point, tax rates for the wealthy, you favor a minimum tax rate for the wealthy of 30% for taxable income between $1 million and $10 million, 35% for income over that. do you see the political will in washington right now to accomplish that and come up with a compromise? >> i wouldn't be surprised if it happens. >> that deal? >> that deal could happen, sure. i mean, i think there's a generally feeling among the american public certainly and even among many in congress that the rich like me have been getting away with low tax rates, and it's time to make the tax rates more progressive. >> one of the ideas being pushed out there by the right is that if you raise taxes on the wealthy it will have a chilly effect on hiring in the country. part of the op-ed you wrote, bear with me. suppose that an investor you admire and trust comes to you with an vest deal. this is a good one, he says enthusiastically. i'm in it and i think you should be, too. your replay possibly be like this, it depends on my tax rate? i
. >> as we come to the fiscal cliff in the next month or so and one of the sticking point, tax rates for the wealthy, you favor a minimum tax rate for the wealthy of 30% for taxable income between $1 million and $10 million, 35% for income over that. do you see the political will in washington right now to accomplish that and come up with a compromise? >> i wouldn't be surprised if it happens. >> that deal? >> that deal could happen, sure. i mean, i think there's a...
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Nov 21, 2012
11/12
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after intense focus on the fiscal cliff negotiations, the markets could put the spotlight back on the european debt crisis amid a deadlock in greek debt talks. it's going to be a quiet day. it's the day before thanksgiving. u.s. economic data is not yet on the -- consumer sentiment data, jobless claims and an outlook indicator to give us guidance for the markets today. >> mandy drury, have a happy thanksgiving. >> you too. >> thanks. this could be the best night on the basketball court ever. jack taylor obliterated the ncaa record last night when he scored and scored and scored again. 138 points in a single game. making 52 of 108 attempted shots. the previous scoring record was set back in 1954 with 113 points. the feat is so impressive even the pros are tipping hats with kevin durant tweeting, jack taylor, you deserve a shot of jack daniel's after that performance. not going to help him out in his performance ahead. we'll talk to him, though, coming up shortly. which is fantastic. matt, savannah and al. >> his arm must hurt. >> it was tweeted, that game was crazy and insane. >> guess
after intense focus on the fiscal cliff negotiations, the markets could put the spotlight back on the european debt crisis amid a deadlock in greek debt talks. it's going to be a quiet day. it's the day before thanksgiving. u.s. economic data is not yet on the -- consumer sentiment data, jobless claims and an outlook indicator to give us guidance for the markets today. >> mandy drury, have a happy thanksgiving. >> you too. >> thanks. this could be the best night on the...